Peer to peer lending

Thousands of Ratesetter investors have been left waiting to get their cash back from closed accounts after a 'technical issue' delayed withdrawals made over the Bank Holiday weekend and on Tuesday. The peer-to-peer lender says it's now fixed the problem though, and says payments should arrive in customers' accounts by the end of Thursday (8 April). 

Ratesetter is to shut all 45,000 existing investor accounts on 2 April and all of Ratesetter's loans will be transferred to Metro Bank from the same date. Both of these changes are taking place after Metro Bank bought Ratesetter last September. 

Some investors with peer-to-peer lender Ratesetter are still waiting for their cash over seven months after trying to withdraw their investments, with 1,000s in virtual queues to access their money.